TVS Motor Approves 1:1 Finance Demerger And Rs 530 Crore STPL Acquisition

Q2 FY27 Consolidated Results YoY: Revenue at 19474 Cr vs 14051 Cr, up 38.6%. EBITDA at 2819 Cr vs 2096 Cr, up 34.5%. EBITDA Margin at 14.5% vs 14.9%, contraction of 40bps. Auto +42.7% vs Financial +16.9%. Demerger of consumer finance into separate listed co via 1:1 issue. 530 Cr STPL buy adds ~2.4% TVS Credit stake. Context: next step in finance consolidation. PAT at 1219 Cr vs 833 Cr, up 46.4%.